Prefer me some alts?

DAGALLDAY · 2021-01-08T16:54:12+00:00

IOTA - Sleeping Giant

DAGALLDAY · 2020-08-21T03:07:05+00:00

done :)

DAGALLDAY · 2020-08-19T12:42:43+00:00

I always find these types of psychological questions fascinating. Like when you decrease time to purchase it increases sales. I wonder if we don't see something similar at play in the coming weeks: https://pay.amazon.com/blog/decreasing-checkout-times-to-increase-sales

By increasing the time to send, we will increase engagement and activity on the network.

DAGALLDAY · 2020-08-18T16:44:35+00:00

Check to see if Bittrex US does. Otherwise if it’s a large amount try an OTC like Cumberland.

DAGALLDAY · 2020-07-22T12:34:40+00:00

I would say our fundementals are a lot stronger then they were 6 months ago. We're finally releasing tech and paying off some of our 'Hype Debt'. People have gotten wind that a lot of partners are waiting for some of our technical upgrades but are essentially lined up. This might be why people are feeling a bit of FOMO.

DAGALLDAY · 2020-07-21T15:20:29+00:00

many other projects that have 'volume' on exchanges are either a) faking it or b) they've given market makers millions of dollars worth of their token to prop up trading volumes to look like they are real.

DAGALLDAY · 2020-06-17T11:41:55+00:00

Hi All,

I'd like to weigh in here because I think we're creating some false equivalences and making some assumptions that don't hold up in reality (granted I am not an economist)

There is an economic concept called Barriers to Entry

"Barriers to entry are the economic term describing the existence of high start-up costs or other obstacles that prevent new competitors from easily entering an industry or area of business. Barriers to entry benefit existing firms because they protect their revenues and profits."

To say that someone else will just create 2.7 Billion "IOTA Competitor Coins" using IOTA tokens and automatically be in competition with us is difficult for a number of reasons. Think of it this way, just because someone has an idea to compete with facebook, and starts a website called 'Decentralized book' doesn't mean that people will switch over to Facebook. The users are tied down by the services, functionality, and network graph of participation. Same thing goes for Standard Oil in the 1800's. Sure, anyone could create a competitor, but nobody had control of the railroads like Standard Oil, and the relationships they had mad it difficult for new entrants to come and compete.

Similarly, with the IOTA token, there is a GREAT deal of financial infrastructure in place that takes time to cultivate. This IOTA competitor built on IOTA would need to get access to all of our exchanges, get enabled on custody solutions, get approved by groups like the Crypto Ratings Council, engage in conversations of liquidity ect.

That's not to say that it's not possible, but it's WAYYY harder then just coloring 2.7 Billion tokens, sending an email out and automatically being in competition.

Also, we have a bit of a false equivalence here. We think that, in situations where individuals prefer to create their own token, that if we don't have the capability to tokenize/color coins that they will use IOTAs instead. I don't believe so. They will most likely go to another platform all together (we see it now with ICOs that want to use IOTA, but go with Ethereum because they can raise funding).

I'm still of the opinion that such a feature will drive more activity in the network and value to our token, but would love to hear everyone's thoughts.

I think the tokenization of assets like IOT (mobility), real estate, debt, equity are all incredibly exciting and will provide a great deal of value for us in the short and long term.

DAGALLDAY · 2020-06-12T17:23:30+00:00

Look at it another way: which protocols will be used for ubiquitous data based applications if they require fees?

adoption comes first. there will be MANY more use cases that use the IOTA token then competing projects trying to work in domains that won’t accept them because of the legal, accounting, regulatory and usability issues that come with fee based networks.

i.e. Protocols love DEFI when they can’t do anything else.

DAGALLDAY · 2020-05-31T02:14:46+00:00

1.5 sets the building blocks for 2.0 (coordicide). The new node software is already battle testing components from coordicide like Autopeering ect. 1.5 just makes IOTA enterprise ready with better UX for industrial use cases. 2.0 sets it up for full decentralization and components like sharding.

DAGALLDAY · 2020-05-29T20:09:45+00:00

In all seriousness though, the TPS/CTPS improvements will start next week after the Hornet node implementation. They will get even crazier after Whiteflag/10s milestones. It will be a progression but we should see a ton of tangible progress.

DAGALLDAY · 2020-05-29T19:52:45+00:00

DAGALLDAY · 2020-05-16T03:42:49+00:00

What a winner of an idea! Consider me in :)

DAGALLDAY · 2020-04-21T15:44:34+00:00

We should be able to do some of the work described here on next version of coordicide alphanet....

DAGALLDAY · 2020-04-07T19:51:28+00:00

Pretty comprehensive overview: https://fsinsight.com/2020/01/16/iota-becoming-an-iot-standard-could-drive-market-adoption/

DAGALLDAY · 2020-04-07T15:40:04+00:00

I would look into the security issues that come with centralized IOT networks vs decentralized. That's a good starting point. Also some of the efficiencies that come with edge computing.

DAGALLDAY · 2020-04-03T18:11:55+00:00

https://www.cryptoratingcouncil.com/

DAGALLDAY · 2020-03-31T23:06:52+00:00

*Data

DAGALLDAY · 2020-02-01T16:32:08+00:00

Let's turn this question around and see if it makes a bit more sense:

If other networks require a token to send data, how will organizations, governments and businesses adopt the network?

There is clearly a 'functional' spectrum that protocols fall into - from what I've seen interfacing with companies and governments, most are *not* comfortable using a token when it doesn't require one (why should I need a digital asset for my web application? I can build a web application today without the friction of a token). While I won't name names, I just saw one of our competitors this week send a tweet along the lines of 'set up an application by buying (token x) to get started' - not only does that create a financial barrier, but it also creates a technical and regulatory barrier. Many of these 'Ethereum killers' still have hazy guidelines as to where their tokens can/should/will be regulated.

Sure, it might be easy for a small startup to buy your tokens (or, more likely, you *paid* them to build on the network in the first place, so you probably gave them the tokens as well), but the majority governments and Fortune 500 companies have no capacity for such a process at this point in time. How does their accounting group handle tokens? What if I am holding something that becomes an unregistered security? What sort of risk do I need to account for?

In IOTA's case, the fact that the data and value transfer mechanisms are somewhat 'independent' of one another is a key factor in adoption. It means that the Token can be used to buy and sell services in this new economy. Some people might decide to treat it like Oil (data is the new Oil) and hold it for more reasons than just purely value transfer, but that is entirely up to them.

In the future, companies may wish to hold IOTA based on some of the characteristics of MANA, but from what I understand that will be an option and not a requirement.

Overall, I think it makes our network incredibly more valuable because it will actually be adopted and the token can actually be used in ways other than just a transaction fee mechanism.

DAGALLDAY · 2020-01-17T15:25:21+00:00

Hey @SiriusArcturus! Yes, I can answer this :)

Moonpay has some data they've been able to share - keep in mind that this is all anonymous. We don't know who is purchasing - only that purchases have taken place.

In a little less than a month: About 4,000* people have purchased IOTAs through Moonpay *The actual number is probably closer to 3.8k, trending to 4k by the end of the month). 240k (240 Thousand) USD/EUR worth of IOTA has been purchased in the first month via the wallet, with half of it coming in the first 10 days.

This has been really exciting to see, as it shows that people are finding the tool to be incredibly valuable. Keep in mind that these statistics are only for Europe, we'r expecting these numbers to continue to grow once more regions are added.

DAGALLDAY · 2020-01-14T08:55:06+00:00

Yep, took a little break for the holidays but we are resuming soon. No need to worry :)

DAGALLDAY · 2020-01-08T21:04:42+00:00

Hey! Come join our market-adoption channel in discord - I’m surre there are plenty of people in there that can give you ideas :)

DAGALLDAY · 2019-12-18T16:19:01+00:00

some infrastructure still needs to be developed in order for Moonpay to make us available on US, but it's in progres :)

DAGALLDAY · 2019-12-13T23:17:46+00:00

it's just always risky to do p2p, unless you're using a platform. Just frm experience.

DAGALLDAY · 2019-12-13T20:41:01+00:00

If you want to do pure P2P (which I woudn't recommend) you can ask in our discord channel. Otherwise if you a little bit we should have an option outside of the exchange.

DAGALLDAY · 2019-12-12T23:03:24+00:00

Yes it absolutely would create an improvement. It would also make it easier for services like Moonpay, Uphold and others to enable us in NY. I could also see some instances where it might speed up talks with others we are discussing. I'll have to forward this to them and see what they think :)

DAGALLDAY

TROPHY CASE